Company Research Report: Arcoscan Inc
Company Overview
- Name: Arcoscan Inc
- Mission: Develop next-generation biometric and artificial intelligence technology for definitive age verification.
- Year Founded: No information is available.
- Founders: No information is available.
- Key People: The founding team has started, built, and scaled multiple multi-billion-dollar companies.
- Headquarters: Silicon Valley, USA
- Number of Employees: No information is available.
- Revenue: No information is available.
- What the Company is Known For: Arcoscan is primarily known for its biometric age verification technology, which promises to exceed a 99% accuracy rate, similar to Apple’s FACE ID technology.
Products
Biometric Age Verification Technology
- High-Level Description: Arcoscan's technology focuses on delivering definitive age verification using advanced biometric and artificial intelligence methods. It is developed in collaboration with the Stanford Research Institute (SRI International).
- Key Features:
- Accuracy: Exceeds 99% accuracy rate.
- No More IDs: Eliminates the need for traditional physical identifications for age verification.
- Frictionless Commerce: Supports seamless transactions by ensuring accurate age verification.
- Enable New Markets: Opens new market opportunities in age-restricted industries.
Recent Developments
- New Products Launched: No information is available.
- New Features Added to Existing Products: No information is available.
- New Partnerships: Partnered with Stanford Research Institute (SRI International) to develop and scale the next-generation biometric and AI technologies.
Market Opportunity
- Total Market Size: Age verification is crucial for industries representing over $6.7 trillion in annual activity, divided into:
- $4.2 Trillion in growing tech-powered markets
- $2.5 Trillion in traditional age-restricted markets
- Key Market Segments:
- Crypto: $1.0 Trillion
- Artificial Intelligence: $2.7 Trillion
- Fintech: $112 Billion
- Digital Gaming: $375 Billion
- Online Gambling: $125 Billion
- E-Cigarettes & Tobacco: $850 Billion
- Alcohol: $1.6 Trillion
- Cannabis: $22 Billion
Applications
- Mobile App Implementation
- POS Integration
- Embedded Device Implementation
Team and Partnerships
- Technology Development: Collaborated with SRI International, known for pioneering significant technological advancements like the internet and speech recognition systems.
- Advisory Board: Includes experts in fields such as Technology Transfer, Payments, and Compliance & Risk Management, drawing experience from Amazon, Coinbase, Facebook, InQTel, and PayPal.
SRI International Partnership
Arcoscan is working alongside SRI International, which has a storied history of innovation, having contributed to the development of the internet, HDTV, speech recognition, and more. SRI’s previous clientele includes the United States Department of Defense, DARPA, and Homeland Security.
For additional information regarding their technologies or business partnerships, contacting the company is encouraged.
All rights reserved © 2023 by Arcoscan Inc.
